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Asia-Pacific Mood & Intentions – Asian Sky Quarterly Q2 2024

by Asian Sky Team
Asia-Pacific Mood & Intentions – Asian Sky Quarterly Q2 2024 
This article is extracted from the most recent edition of The Asian Sky Quarterly.
To read the full article, please download our Asian Sky Quarterly Q2 2024 Report.

Quarterly Survey Respondent Breakdown

Q2 2024 Survey Highlights

  1. In Q2, the overall percentage of respondents who felt optimistic about the regional economies in Asia-Pacific, the Middle East & North Africa declined to 79.7% from the previous quarter. The optimism levels decreased across all subregions, with only South Asia, Southeast & Northeast Asia remaining above the average.
  2. 56.2% of respondents reported that their aircraft utilization increased in Q2, while 33.6% considered their aircraft utilization has decreased.
  3. More than half (56.5%) of respondents were willing to purchase an aircraft in the coming year, with 23.4% willing to buy a new aircraft and 33.1% interested in a used one. However, the intention to purchase both new and used aircraft declined compared to the previous quarter. Large jets were the most popular option for fixed wing purchases while twin-engine turbines were the most selected choice for helicopters.
  4. Approximately 43.3% of respondents consider the market to be fairly balanced. 33.3% of the respondents believe it is currently a buyer’s market and only 13.3% perceive it as a seller’s market.
  5. 48.7% of respondents expressed an intention to charter an aircraft within the next three months, a decline from the previous quarter.

In Asian Sky Group’s Q2 2024 survey on the industry’s mood and intentions, we received more than 200 responses from business aviation professionals. The regions with the most respondents included:

  1. Southeast Asia and Northeast Asia (39.3%)
  2. Greater China, mainly covering mainland China and Hong Kong SAR (24.1%)
  3. South Asia (9.4%)
  4. Oceania (7.9%)
  5. Middle East and North Africa (3.7%)

Half of respondents (49.8%) were from businesses focused on business jet operations, while the remaining respondents were primarily from companies involved in turbine helicopter (22.3%) and business turboprop (23.0%) related activities.

43.1% of the respondents were from aircraft operators, 29.9% were from service providers, and 20.8% were involved in aircraft sales or charter brokerage.

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To read the full article, please download our Asian Sky Quarterly Q2 2024 Report.

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